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Croatia Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
4,270,480 (July 2018 est.)
GDP (PPP)
$102.1 billion (2017 est.)

Tourism is one of the main pillars of the Croatian economy, comprising 19.6% of Croatia’s GDP

GDP growth rate
2.8% (2017 est.)

Good growth rate. Recovering from a long recession (2009-2014)

GDP (PPP) per capita
$24,700 (2017 est.)

Medium. Among the highest of the Balkan countries

Local currency
Kuna (HRK)

Quite stable currency

Financial stability (Public debt)
77.8% (2017 est.)

Medium

Inflation
1.1% (2017 est.)

Still low but recovering from deflation

Language
Croatian (official)

English is spoken as a second language in the main urban or touristic areas

Corruption perception index (Source: Transparency International)
Rank 60/180

Medium to high level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
25% standard VAT rate
Reduced rates apply: 13% (wide list of products), 5% (listed foods, listed medicines, books, cinema, newspapers), no VAT (wide list of products/services include medical services and real estate)
Corporate Tax
18% standard rate with certain exceptions available
12% reduced rate for small companies (revenues < 3M Kuna ≈400,000€). Different rates are applied in some cases
Duties

EU custums duties apply to the import of goods from outside the EU

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If you are interested in doing business in Croatia, or in finding Croatian manufacturing companies, we can help you. Hundreds of companies in Croatia and Croatian SMEs use Globartis for their operations. Join our network today and find the right partner for your Croatia business. Connect with a Croatian manufacturer or Croatia importer, or source among Croatia export to find the right product.

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